Statements related to outlooks; projections; descriptions of strategic, operating, and financial plans and objectives; statements of future ambitions and plans; and other statements of future events or conditions in this release, are forward-looking statements. Positive drivers were volume and mix improvements driven by reliable operations and the Beaumont refinery expansion start-up and the absence of unfavorable prior-quarter unsettled derivatives. Projects or plans may not reflect investment decisions made by the company. HR or Marketing? Employees 62,000. She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. Her leadership roles include positions at multi-billion-dollar multinational banks such as BNP Paribas US and Global Banking, Comerica Bank, and Bank of Americas Global Capital Markets. See user submitted job responsibilities for CMO. The Corporation declared a second-quarter dividend of $0.91 per share, payable on June 9, 2023, to shareholders of record of Common Stock at the close of business on May 16, 2023. Rea, who previously served as an executive assistant, will now be responsible for HR, culture, talent acquisition, onboarding, learning and development, and compensation and benefits. Since that time, McCarron held assignments of increasing responsibility in ExxonMobils corporate headquarters in Irving, Texas, including general manager of public affairs and president of the ExxonMobil Foundation. Specialty Products earnings were $774 million, up $14 million from the fourth quarter. The prior-year period was negatively impacted by an identified item associated with the Sakhalin-1 expropriation. Fermata Energy brings Brian Zelis in as its national sales director and will lead its efforts to integrate V2X technology and software to utilities, universities, municipalities, and fleet owners throughout North America. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. Plus: FC Dallas in the playoffs and Dak Prescott's long-awaited return. Previously, he served as vice president of strategic communications and external affairs of T.G.I. A chief marketing officer (CMO) is a senior executive within an organization who's responsible for overseeing the company's promotional efforts and advertising activities. Susan Simmons joins Agents National Title Insurance as its new Southwest agency operations manager. Structural cost savings are stewarded internally to support management's oversight of spending over time. Morford was chief legal and compliance officer for Cardinal Health between 2008 and 2019. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Previously she was chief financial officer at Xerox, ADT, Nalco and United Airlines. Fridays. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix improvements, and cost and execution efficiencies, Increased oil and gas net production by nearly 300,000 oil-equivalent barrels per day versus first-quarter 2022, excluding divestments, entitlements, and Sakhalin-1 expropriation, Started up the Beaumont Refinery expansion and reached full capacity of 250,000 barrels of production per day to help meet global demand, Announced final investment decision for the Uaru offshore development and two new discoveries in Guyana, Grew Low Carbon Solutions business with the execution of a new long-term customer contract for carbon capture, transportation, and storage. Active volunteer for many years, served on the board for 3 years and now on my second year as President of the . . This press release also references structural cost savings. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. Management uses these figures to improve comparability of the underlying business across multiple periods by isolating and removing significant non-operational events from business results. View the Cost of Living in Major Cities, Browse other Companies in the MFG Nondurable Industry, The CMO develops an end-to-end marketing function that delivers messaging, branding, digital presence, product support, demand generation, content, research, and thought leadership. Morford previously spent 20 years with the United States Department of Justice. All Rights Reserved. Identified items unfavorably impacted earnings by $158 million this quarter, down from $561 million in the previous quarter. In 1998 he became co-ordinator of the firms upstream litigation work in Houston and undertook what the company calls several special assignments before becoming chief attorney of ExxonMobil Chemical Company in 2000 and chief attorney of ExxonMobil Gas & Power Marketing Company in 2003. This press release also references free cash flow (non-GAAP). Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. Identified items in the fourth quarter included a higher impact from the additional European taxes on the energy sector, asset impairments, and one-time adjustments related to the Sakhalin-1 expropriation. Actual future results, including financial and operating performance; total capital expenditures and mix, including allocations of capital to low carbon solutions; structural earnings improvement and structural cost reductions and efficiency gains, including the ability to offset inflationary pressure; plans to reduce future emissions and emissions intensity; ambitions to reach Scope 1 and Scope 2 net zero from operated assets by 2050, plans to reach net zero Scope 1 and 2 emissions in Upstream Permian Basin unconventional operated assets by 2030, eliminating routine flaring in-line with World Bank Zero Routine Flaring, reaching near-zero methane emissions from its operations, meeting ExxonMobils emission reduction goals and plans, divestment and start-up plans, and associated project plans as well as technology efforts; timing and outcome of projects related to the capture, transportation and storage of CO2, and produced biofuels; changes in law, taxes, or regulation including environmental and tax regulations, trade sanctions, and timely granting of governmental permits and certifications; timing and outcome of hydrogen projects; cash flow, dividends and shareholder returns, including the timing and amounts of share repurchases; future debt levels and credit ratings; business and project plans, timing, costs, capacities and returns; and resource recoveries and production rates could differ materially due to a number of factors. Copyright 2003-2017 Exxon Mobil Corporation. This report from Board Agenda and Mazars, in assoc An internal investigation must be handled meticulo FREE - Add your company profile to our Corporate & Advisory Directory. In this article Darren W. Woods Neil A. Chapman Kathryn A. Mikells Jack P. Williams Darren W. Woods She previously served as the first Black woman to head community relations of the Dallas Police Department. Based in Doha, Dominic is responsible for all of ExxonMobils Qatar joint venture businesses. The main drivers were lower prices, with crude and natural gas realizations down 10% and 23%, respectively, and unfavorable unsettled derivatives mark-to-market effects of $2.0 billion, largely reflecting the absence of a positive mark-to-market impact in the prior quarter. Corporate and Financing reported net charges of $355 million. All Rights Reserved. President and General Manager regulatory updates, governance trends and best practices, careers and much more. Simmons has also spent nearly 20 years as director of operations, policy and recording manager, escrow officer, and asset manager and gaining experience in the lending industry. Sector Major Oil & Gas. He was also with Cypress Equities and GGP (now Brookfield Retail) earlier in his career. He also served as Special Counsel and Spokesman for the National Transportation Safety Board. 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Chief Marketing Officer Location: Princeton, NJ Information Security Media Group is a global education and intelligence company focused on cybersecurity. HudsonLake and Hudson Studio have merged and promoted communication professionals Kim Cerda to chief human resources officer and Quinton Crenshaw to chief marketing officer at its Dallas base. The earnings/(loss) impact of an identified item for an individual segment may be less than $250 million when the item impacts several periods or several segments. increased marketing and . A reconciliation to earnings is shown for 2023 and 2022 periods in Attachments II-a and II-b. Sales or Revenue 400.44 B. The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. The board of directors has elected its current Deputy. , Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. As of December 31, 2018, it had approximately 24,696 net operated wells with proved reserves of 24.3 billio How much does a CMO make at companies like EXXON MOBIL CORP in the United States? Excluding identified items, earnings declined $1.1 billion year over year, driven by a 23% decrease in crude realizations, partly offset by higher production volumes. board moves, CFOs, ExxonMobil, Kathryn Mikells. ExxonMobil's ambitions, plans and goals do not guarantee any action or future performance by its affiliates or Exxon Mobil Corporation's responsibility for those affiliates' actions and future performance, each affiliate of which manages its own affairs. Our people's hard work to execute on our strategic priorities delivered a record first quarter following a record year, said Darren Woods, chairman and chief executive officer. To contact anyone on our team, please use our contact us form and check the appropriate filter for your requirements. CA. In addition to having more than 25 years of sales management experience in the automotive and real estate industry, Brian brings a depth of experience in EV adoption to help Fermata Energy expand its system and help combat climate change, increase energy resilience and reduce energy costs, said David Slutzky, president and CEO of Fermata Energy. Receive independent news, thoughtful journalism & expert insights about leadership, corporate governance & key boardroom issues straight to your inbox every week. Corresponding per share amounts are shown on page 1 and in Attachment II-a, including a reconciliation to earnings/(loss) per common share assuming dilution (U.S. GAAP). Compared to the same quarter last year, net charges declined $339 million due to lower financing costs. Mikells joins ExxonMobil from Diageo plc, where she held the position of chief financial officer since 2015 and was a member of the board of directors. Risk Factors of ExxonMobils 2022 Form 10-K. Defines corporate vision and strategy establishes company direction and focus. Managing Director The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $531,300 to $870,900 with the average total cash compensation of $678,500. Net income/(loss) including noncontrolling interests, Net income/(loss) attributable to ExxonMobil, Earnings per common share - assuming dilution (U.S. dollars), Other assets, including intangibles - net, Net cash provided by operating activities, Net cash provided by (used in) financing activities, Increase/(Decrease) in cash and cash equivalents, Cash and cash equivalents at end of period, Earnings/(Loss) Excluding Identified Items (non-GAAP), Earnings/(Loss) Per Common Share1 (U.S. GAAP), Earnings/(Loss) Excl. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. To listen to the event or access an archived replay, please visit www.exxonmobil.com. These impacts were partially offset by robust cost control and seasonally lower expenses, the absence of year-end inventory effects, and favorable volume/mix effects from advantaged growth in the Permian, Guyana, and LNG. Houston Area Parkinsons Society (HAPS) Jan 2010 - Present13 years 4 months. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. Within the downstream, Ms. Evers held various assignments, including sales, logistics . Health. Ebner earned his JD from Tulane University and a bachelors degree from Bowdoin College. Identified Items (non-GAAP), Net production of crude oil, natural gas liquids, bitumen and synthetic oil, thousand barrels per day (kbd), Refinery throughput, thousand barrels per day (kbd), Energy Products sales, thousand barrels per day (kbd), Chemical Products sales, thousand metric tons (kt), Specialty Products sales, thousand metric tons (kt). ExxonMobil LNG Asia Pacific (EMLAP). Augustine Agency hires Barbara DAmato, who will serve as a board advisor to the agency. Show them how. Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. Our weekly The company's debt-to-capital ratio remained at 17% and the net-debt-to-capital ratio declined to about 4%, reflecting a period-end cash balance of $32.7 billion. The company successfully completed the ramp-up of the Beaumont Refinery expansion, demonstrating 250,000 barrels per day of crude distillation capacity and expanding its integration advantage by capitalizing on the growth of lighter crude oil from the Upstream's Permian assets. Earnings excluding identified items is not meant to be viewed in isolation or as a substitute for net income/(loss) attributable to ExxonMobil as prepared in accordance with U.S. GAAP. In addition, two new exploration discoveries were made this year. Gina Clark is executive vice president and chief communications & administration officer for AmerisourceBergen where she oversees strategic communications, marketing, government affairs, and corporate citizenship. She is a former CFO at Xerox, ADT, Nalco and United Airlines. Chief Marketing Officer (CMO) Princeton, NJ, CMO Salaries with a High School Diploma or Technical Certificate, CMO Salaries with a Master's Degree or MBA, CMO Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. Nuckols has also been recognized with two distinct industry awards, including the Norm Campbell Rookie of the Year and Media Planner of the Year.. When the effect of these events is significant in aggregate, it is indicated in analysis of period results as part of quarterly earnings press release and teleconference materials. Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. A reconciliation to total taxes is shown in Attachment I-a. Sherri Evers was appointed vice-president, commercial and corporate development, effective January 1, 2021. ExxonMobil Upstream Oil & Gas Company. ExxonMobil announces full-year 2022 results IRVING, Texas - January 31, 2023 - Exxon Mobil Corporation today announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in full-year earnings of $55.7 billion, or $13.26 per share assuming dilution. Vice President We welcome Kathy to ExxonMobil and look forward to the perspective and experience she brings as we work together to deliver on our strategies and increase shareholder value.. What Im Watching: Dallas Mavericks Basketball. Chief Marketing Officer (CMO) Location: Los Angeles, CA About the Company: A client of Burns Matthews & Partners is a rapidly growing startup, backed by an iconic CEO with multiple successful exits ISMG - Information Security Media Group - Princeton We are growing value by increasing production from our advantaged assets to meet global demand. Rea earned her bachelors degree in family and human services at John Brown University. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals. James Moretti Chief Operations Officer James Moretti serves as the Chief Operations Officer of ExxonMobil. A reconciliation to total taxes is shown in Attachment I-a. This is a broader indicator of the total tax burden on the Corporations products and earnings, including certain sales and value-added taxes imposed on and concurrent with revenue-producing transactions with customers and collected on behalf of governmental authorities (sales-based taxes). Ebner joined the Exxon Companys US law department in May 1980 in New Orleans, where he worked as an attorney in the litigation group. Mikells holds an MBA from the University of Chicago. ExxonMobil will discuss financial and operating results and other matters during a webcast at 7:30 a.m. Central Time on April 28, 2023. Dallas, Texas 75201. Structural cost savings are stewarded internally to support management's oversight of spending over time. Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million. InterDigital, Inc. WILMINGTON, Del., April 24, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that Skip . Based in Singapore, Dan is responsible for EMLAPs short-term trading and optimizations activities. Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. Forward-looking and other statements regarding our environmental, social and other sustainability efforts and aspirations are not an indication that these statements are necessarily material to investors or requiring disclosure in our filing with the SEC.
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